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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
7/26/2002--Introduced. Family Property Tax Relief Act of 2002 - Permits a phased-in tax credit for an individual in an amount equal to 50 percent of the property taxes paid by the individual. Sets forth a maximum credit amount of $5,000. Prohibits married couples filing separate returns and dependents from benefitting from the credit.